INDITRADE BUSINESS CONSULTANTS LIMITED,ERNAKULAM vs. DCIT, CORPORATE CIRCLE 1(1), KOCHI

In the result, the appeal by the assessee is allowed for statistical purposes

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

money as the payment for the purchase transactions are made by the Company through banking channels. 1.3. On the facts and circumstances of the case, the CIT(A) has on the basis of mere conjecture and without any basis, deemed the Company's purchases totalling Rs. 3,34,87,077 to be non- genuine transactions. The CIT(A) has completely

GARUDA MARKETING ASSOCIATES,THRISSUR vs. THE ITO WARD 2(2), THRISSUR

In the result, the assessee’s appeal is partly allowed for statistical purposes